- Crypto Patel identifies a multi-year trendline breakout, with potential targets from $0.00000720 to $0.00005900 and invalidation at $0.00000223.
- PEPE’s RSI rises to 66.79 and MACD remains positive, but resistance at 0.00000510–0.00000520 could limit further gains.
- Santiment links the rally to whale speculation and increased derivatives activity, identifying $0.0000050 as a key level to sustain.
PEPE climbed 10% as trading activity increased, with its Binance four-hour chart showing a recovery to $0.00000505 on October 29, 2026. Analyst Crypto Patel identified a multi-year trendline breakout, while Santiment Intelligence reported rising derivatives activity and whale speculation. However, PEPE now faces resistance between $0.00000510 and $0.00000520.
PEPE Rebounds as Analyst Sets Higher Targets
Crypto Patel said PEPE broke above its weekly trendline and completed a higher-timeframe retest. The analyst identified an accumulation zone between $0.0000037 and $0.0000028. Patel listed potential targets at $0.00000720, $0.00001402, $0.00002677 and $0.00005900, with $0.00000223 marking invalidation.
Additionally, Patel cited an Arkham-linked wallet attribution report associating approximately $51.25 million in PEPE with Justin Sun. The analyst said further price gains would determine whether the breakout continues.
On Binance, PEPE previously fell from approximately $0.00000450 in late September to $0.00000375 around October 8. It later climbed above $0.00000420 around October 20 before retreating from $0.00000510 on October 22.
RSI and MACD Show Stronger Buying Momentum
PEPE subsequently consolidated between $0.00000430 and $0.00000460 before rallying above $0.00000480 on October 28. Trading volume reached 2.76 trillion PEPE during the latest advance.
The Relative Strength Index stood at 66.79, above its moving average of 59.92. Meanwhile, the MACD line reached 0.00000016, above the signal line at 0.00000010, with a positive histogram of 0.00000006.
However, the RSI is approaching the traditional overbought threshold of 70. Resistance remains between $0.00000510 and $0.00000520, with $0.00000540 as the next potential target. A rejection could send PEPE toward $0.00000480, followed by support at $0.00000460.
Meme Tokens Post Mixed Weekly Performance
Santiment reported that MemeCore (M) gained 45% over seven days and 6% on the day. Meanwhile, ENA and sENA fell 8%, RAIN dropped 26%, and RYO declined 36% over seven days.
Santiment attributed PEPE’s advance to whale speculation and increased derivatives activity. The firm identified $0.0000050 as the level PEPE needs to sustain to maintain its breakout momentum.
